Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $687,000, Annual capital growth 7.76%, Number of sales 46, Weekly median advertised rent $363

Manifold Heights Unit: Median price $265,000, Annual capital growth 4.30%, Number of sales 15, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Manifold Heights, 3218 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.93%

Manifold Heights,3218 was ranked 3699 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Manifold Heights should be aiming for at least -3.18% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 46 properties changed hands in Manifold Heights, which puts it as the 454th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4350 per annum or $362.5 every week.

Manifold Heights has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -19.58% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 314th in VIC.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.70% offered to property buyers. Sellers in Manifold Heights itself are offering an average vendor discount of -4.13% to real estate investors.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

Information supplied by:


April 2017

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Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary

Metro suburb soars to new heights

Median house price: $583,050

Three-year growth: 14.32%

Rental yield: 3.17%

Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.

Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.

One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.
 

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Metrics i HOUSE UNIT
$687,000 $265,000
-3.92% -13.11%
6.93% -19.58%
7.76% 4.30%
$363 $290
46 15
2.74% 5.69%
45.69 106.42

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 2606
Median household income ($/weekly) 1208
Median age of persons 38
Median housing loan repayment ($/monthly) 1699
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 12.4
    25-34 years 325 12.5
    35-44 years 344 13.2
    45-54 years 413 15.8
    55-64 years 285 10.9
    Others 916 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 947 48.3
    Not Married 865 44.1
    Defacto Relationship 149 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2198 87.5
    Indonesia 30 1.2
    Japan 33 1.3
    United Kingdom 78 3.1
    Other 46 1.8
    Others 127 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1722 70.8
    Hinduism 18 0.7
    Islam 36 1.5
    No Religion 634 26.1
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 109 11.8
    $600-$799 103 11.1
    $800-$999 80 8.6
    $1,250-$1,499 95 10.3
    $1,500-$1,999 111 12.0
    Others 428 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 776 38.2
    Not in the labour force 642 31.6
    Employed, worked part-time 452 22.3
    Unemployed, looking for work 82 4.0
    Employed, away from work 77 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 11.9
    Professionals 341 26.1
    Technicians & trades workers 181 13.8
    Community & personal service workers 148 11.3
    Clerical & administrative workers 162 12.4
    Others 321 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.9
    Infants/Primary 215 32.4
    Secondary 178 26.8
    Technical or Further Educational Institution 72 10.9
    University or other Tertiary Institutions 138 20.8
    Others 14 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2082 84.0
    Semi-detached, row or terrace house, townhouse 199 8.0
    Flat, unit or apartment 194 7.8
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 351 34.9
    Being purchased 339 33.7
    Rented 313 31.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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